NEWS

NEW YORK – Blackstone (NYSE:BX) and Wellspring Capital Management LLC ("Wellspring") today announced that private equity funds affiliated with Blackstone have entered into a definitive agreement to acquire Tradesmen International, LLC ("Tradesmen"), the leading agency-based provider of outsourced skilled craftsmen to non-residential construction and industrial contractors in North America, from Wellspring. Financial terms of the transaction were not disclosed.READ MORE >>

NEW YORK – Wellspring Capital Management LLC ("Wellspring") today announced that it has entered into an agreement to sell its portfolio company ProAmpac, a leading global flexible packaging company, to Pritzker Group Private Capital. Financial terms of the agreement were not disclosed.READ MORE >>

NEW YORK – Wellspring Capital Management LLC ("Wellspring") today announced that it has entered into a definitive agreement to sell its portfolio company National Seating & Mobility ("NSM") to Court Square Capital Partners. Terms of the agreement were not disclosed.READ MORE >>

NEW YORK and CINCINNATI – Wellspring Capital Management today announced that its portfolio company ProAmpac has entered into an agreement to acquire Coating Excellence International (CEI), a flexible packaging and technical products company based in Wrightstown, Wisconsin. CEI specializes in wide web extrusion coating and laminating of film, foil, paper, board and nonwovens and will enhance ProAmpac’s already robust extrusion lamination capabilities.READ MORE >>

NEW YORK – Wellspring Capital Management LLC (“Wellspring”), a New York-based private equity firm, announced today that it has acquired AdvoServ, a nationally recognized behavioral healthcare provider specializing in clinical, educational and residential services for children and adults with severe intellectual and developmental disabilities and dual diagnoses. Financial terms of the transaction were not disclosed.READ MORE >>

NEW YORK – Wellspring Capital Management LLC (“Wellspring”), a New York-based private equity firm, announced today the creation of a leading flexible packaging company through the merger of portfolio companies Prolamina Corporation and newly acquired Ampac Holdings, LLC. Financial terms were not disclosed.READ MORE >>

NEW YORK – Wellspring Capital Management LLC (“Wellspring”) today announced that it has acquired Qualitor, Inc. (“Qualitor" or the "Company”), a leading global supplier of branded aftermarket safety and wear products for the automotive aftermarket, from an affiliate of HCI Equity Partners. Financial terms of the transaction were not disclosed.
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NEW YORK – Wellspring Capital Management LLC, a private equity investment firm with more than $3 billion under management, announced today that Greg S. Feldman, the firm’s co-founder, has been named Executive Chairman and William F. Dawson Jr. has been named Chief Executive Officer. Alexander E. Carles, Joshua C. Cascade and John E. Morningstar have been named Managing Partners of the firm, and will serve in this role along with Carl M. Stanton.
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NEW YORK – Wellspring Capital Management LLC (“Wellspring”) today announced that it has acquired Swift Worldwide Resources (“Swift” or the “Company”), the premier supplier of skilled manpower resources to the global oil and gas industry, from Gresham Private Equity. Swift’s management team invested alongside Wellspring in the transaction. Financial terms were not disclosed.
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NEW YORK – Wellspring Capital Management LLC (“Wellspring”) announced today that its portfolio company API Heat Transfer (“API” or the “Company”) has completed a recapitalization, including a new $300 million first-lien credit facility. The new credit facility will provide API with additional financial flexibility to invest in its business and enable the Company to pay its investors a dividend.
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NEW YORK – Wellspring Capital Management LLC (“Wellspring”) today announced that it has acquired National Seating & Mobility, Inc. (NSM), the nation’s premier provider of complex rehab technology (CRT) solutions for individuals with permanent or long-term mobility loss, from Ridgemont Equity Partners. Financial terms of the transaction were not disclosed.
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NEW YORK – Wellspring Capital Management LLC (“Wellspring”) today announced that it has sold its portfolio company Cleaver-Brooks, Inc. (“Cleaver-Brooks” or the “Company”), a leading provider of boiler room solutions, to Harbour Group. Terms of the transaction were not disclosed.
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NEW YORK--Wellspring Capital Management LLC (“Wellspring”) announced that its portfolio company Checkers Drive-in Restaurants, Inc. (“Checkers” or the “Company”) has closed on an offering of $160 million in aggregate principal amount of 11.000% senior secured notes due 2017.
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NEW YORK--Wellspring Capital Management LLC (“Wellspring”) today announced a distribution to its limited partners of the approximately 850,000 remaining shares of its investment in portfolio company Susser Holdings Corporation (NASDAQ: SUSS) (“Susser”).
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NEW YORK--Wellspring Capital Management LLC (“Wellspring”) today announced that it has sold its portfolio company OMNI Energy Services Corp. to Gibson Energy Inc. (TSX: GEI) in a transaction valued at $445 million.
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NEW YORK, NY--Wellspring Capital Management LLC (“Wellspring”) today announced that its portfolio company, United Sporting Companies (“USC”), the holding company for Ellett Brothers, LLC (“Ellett”) and Jerry’s Sport Center Inc. (“JSC”), has completed the refinancing of all of its existing debt. READ MORE >>

NEW YORK – Wellspring Capital Management LLC (“Wellspring”) today announced that an affiliate has acquired API Heat Transfer Inc. (“API Heat Transfer”), one of the largest full-service producers of industrial heat exchangers and heat transfer systems, from Industrial Growth Partners. Financial terms of the transaction were not disclosed.
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NEW YORK – Wellspring Capital Management LLC (“Wellspring”) today announced that it has acquired ThermaSys Corporation (“ThermaSys" or the "Company”), a leading manufacturer of a wide range of heat exchangers and heat exchange equipment, from an affiliate of Sun Capital Partners, Inc. Financial terms of the transaction were not disclosed... READ MORE >>

NEW YORK, NY--Wellspring Capital Management LLC (“Wellspring”) and Hancock Park Associates (“HPA”) today announced that Wellspring has acquired Resco Products, Inc. (“Resco" or the "Company”), a leading North American producer of value-added refractory solutions, from HPA. Financial terms of the transaction were not disclosed... READ MORE >>

LAKE FOREST, IL--Prolamina Corporation (“Prolamina” or the “Company”) announced today that it has signed a definitive acquisition agreement to acquire certain assets and a defined book of business from Packaging Dynamics Corporation (“Packaging Dynamics”) located in Kaukauna, Wisconsin. Financial terms of the transaction were not disclosed... READ MORE >>

EAST BLOOMFIELD, NY--Wellspring Capital Management LLC and Pamlico Capital today announced that Wellspring has acquiredCrosman Corporation from Pamlico. Crosman’s management team, led by CEO Ken D’Arcy, will retain a significant ownership position in the Company and continue to lead its growth in partnership with Wellspring. Financial terms of the transaction were not disclosed... READ MORE >>

NEW YORK, NY--Wellspring Capital Management LLC (“Wellspring”) announced today that it has acquired Jen-Coat, Inc. (“Jen-Coat” or the “Company”), a leading flexible packaging manufacturer in the food, healthcare and industrial segments, from CGW Southeast Partners...READ MORE >>

CARENCRO, La.--OMNI Energy Services Corp. (NASDAQ GM: OMNI), a leading provider of environmental services and seismic services to the domestic oil and gas industry, today announced that it has entered into a definitive agreement ... READ MORE >>

NEW YORK--Wellspring Capital Management LLC today announced the completion of its previously announced sale of Dave & Buster's, Inc. to Oak Hill Capital Partners, in partnership with the company's management team ... READ MORE >>

DALLAS, TEXAS--Wellspring Capital Management LLC (“Wellspring”) today announced that it has entered into a definitive agreement to sell its portfolio company Dave & Buster’s, Inc. (“Dave & Buster’s”) to Oak Hill Capital Partners (“Oak Hill Capital”) in a transaction valued at approximately $570 million ... READ MORE >>

ST. LOUIS & BOSTON & NEW YORK--(BUSINESS WIRE)--Vatterott Educational Centers, Inc. (“Vatterott” or “the Company”) today announced that TA Associates (“TA”) and management have entered into an agreement to acquire the Company from Wellspring Capital Management ... READ MORE >>